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File Number: 13-446 <br />·Effective October 1, 2013, employees shall commence paying 2% of the employee <br />contribution and the City shall contribute 5%. Effective July 1, 2014, employees <br />shall commence paying 5% of the employee contribution and the City shall <br />contribute 2%. Effective June 1, 2015, employees shall commence paying 7% of <br />the employee contribution and the City shall contribute 0%. <br />Miscellaneous employees with a 2% @ 62 retirement benefit formula (Tier Three): <br />·Pursuant to the Public Employees’ Pension Reform Act of 2013, employees hired <br />after January 1, 2013 depending on previous California public agency employment <br />are subject to specific pension formulas and employee contributions. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE that <br />the conditions of Employer Paid Member Contributions for employees of the San Leandro <br />Management Organization (SLMO) are and shall be as set forth above. <br />Page 2 City of San Leandro Printed on 9/11/2013